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1️⃣ Post original cont
Ark Invest led by Cathie Wood acquired $8.3 million worth of Bullish shares.
Cathie Wood's Ark Invest just spent $8.27 million to purchase Bullish shares through ETF funds. Specifically, the ARK Innovation ETF bought 120,609 shares, while the ARK Next Generation Internet ETF purchased 40,574 shares. This move continues a strong investment streak from Ark since Bullish's $1.1 billion IPO last month, when the firm bought approximately $172 million in shares across three funds.
Bullish shares rose slightly by 0.55% on Tuesday, closing at 51.36 USD, but are still down 24.47% from their listing. Bernstein predicts that Bullish could become the second-largest cryptocurrency exchange for institutions after Coinbase, with a price target of 60 USD, if it successfully launches operations in the U.S. in 2026.
In addition, Ark also purchased 109,678 shares of Figma worth 5.9 million USD. Figma previously revealed holding 70 million USD worth of Bitwise Bitcoin ETF shares and bought 30 million USD USDC to invest in Bitcoin.